Friends of TMAF (EIN 843030142) - Form 990 Financial Analysis & Trantor Score

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Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year

2019

Legal Domicile

Principal Officer

Cho-Liang Lin

Phone

6463267685

Tax Period

2021-01-01 to 2021-12-31

Friends of TMAF, founded in 2019, is a small nonprofit in the Arts, Culture & Humanities sector that reported $341K in total revenue in fiscal year 2021. Revenue surged 808% from the prior year, signaling strong growth momentum. Expenses of $293K left a modest 14% surplus.

Mission

To promote and provide financial support to the Taipei Music Academy and Festival.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2021)

Revenue Breakdown

Contributions & Grants $305,350

Program Service Revenue $36,065

Investment Income $0

Other Revenue $0

TOTAL REVENUE $341,415

Expense Breakdown

Grants Paid $21,519

Salaries & Benefits $15,000

Fundraising Expenses $0

Program Expenses $285,537

Other Expenses $256,179

TOTAL EXPENSES $292,698

Year-over-Year Comparison

	2021	2020	Change
Revenue	$341,415	$37,600	+8.1%
Expenses	$292,698	$30,974	+8.4%
Net Income	$48,717	$6,626	+6.4%

Key Indicators

✗ Grants to Organizations ✓ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required

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Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Governance

Voting Members

Independent Members

Employees

N/A

Volunteers

Governance Policies

✓ Conflict of Interest Policy

✗ Whistleblower Policy

✗ Document Retention Policy

Special Practices & Reported Activities

✗ Operated a School

✗ Operated a Hospital

✗ Provided First Class Travel

✗ Reported Conflict of Interest

✗ Reported Asset Diversion

✗ Excess Benefit Transaction

✗ Made Political Expenditures

✗ Engaged in Lobbying

✗ Operated Donor Advised Fund

✗ Maintained Art Collections

✗ Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers

$15,000

Total Directors

$15,000

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Cho-Liang Lin	President	10.00	Officer Director	$15,000	$0	$15,000
Gloria Pryzant	Vice President	1.00	Officer Director	$0	$0	$0
Isaac Lustgarten	Director	1.00	Director	$0	$0	$0

Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year	Revenue	Expenses	Assets	Net Income
2021	$341,415	$292,698	$60,235	$48,717

Friends of TMAF